FDA’s First CBD Panel Yields a Lot of Uncertainty
Ryan Allway
June 4th, 2019
App, Policy
The U.S. Food and Drug Commission (FDA) wrapped up its first ten-hour hearing on cannabidiol (CBD) last week. More than 100 witnesses urged the agency to pave the way for CBD foods and over-the-counter products, but many researchers argue that the substance hasn’t been well-studied and some companies have been making dangerous marketing claims.
The 2018 Farm Bill decriminalized hemp and hemp-based CBD, but the non-psychoactive cannabinoid compound remains under the FDA’s oversight when added to foods and over-the-counter ingestible. The agency is especially concerned when marketers make medical claims of CBD’s benefits — it even issued several warning letters over the past few years.
CBD manufacturers requested that the agency require product testing to rid the market of bad actors that make these claims and/or sell adulterated products. Since any FDA rules could take years to develop, companies are urging the agency to create temporary guidance for companies that would allow CBD in foods and supplements without drug approval.
There’s a chance that the FDA could take a hard line on CBD products in foods and beverages, but the agency will likely encourage biotech companies in the space to continue their research. For example, GW Pharmaceuticals’ research could provide valuable data that demonstrates the safety of CBD at certain concentrations, as well as efficacy in treating certain conditions.
Last week’s FDA meeting was just the first step in the FDA’s move to potentially regulate CBD and there’s no definitive answer one way or the other at this point. The agency will continue to accept public comments on the hearing through July 2, 2019 and hopes to provide guidance for companies in the space in the near-term.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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